Our agent said that it doesn't matter if a binder is in place, because other offers can still be made and accepted during this time. An unsigned offer is not an accepted offer, they are under no obligation and can change their mind until that offer is signed.Explore the essentials of acceptance in contract law, including types, legal implications, and FAQs, to navigate agreements confidently. Even after there is an accepted offer, however, neither party is legally obligated to go through with the transaction at this point. The formation of a valid contract is ultimately dependent on the offeracceptance paradigm, which is a series of backandforth manifestations of intent. It doesn't make it void, but it means that you have basically just made an offer to the other party under the terms stated in the contract. The most common manner in which the power of acceptance can be terminated is through expiration or lapse of the offer. You can't have a contract without an offer. An offer is what kicks off the whole spiel. The requirement of offer and acceptance applies to each of the major elements of the transaction, which typically include identity of the property and price.